1368 LABRIE Avenue, Cyrville – Carson Grove – Pineview, ON K1B 3M1

Develop & Construct or Own & Operate – Be opportunistic in a transitioning neighborhood!
Recently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building.
Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard.
Unit 1 (lower): Renovated 2bdrm $2100/month incl.
Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.
Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom
Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage – professionally graded with compacted gravel and separate gated entrance.
Storage Shed: 2 Storage Units included with Unit 1&2
Parking: 8 spaces (included)
Current gross income is 71k/year with potential to increase to 88k/year.
Notices for rent increases of 2.5% take effect in October 2024.
Existing leases 1yr+

Details

MLS® Number
X9516075

Property Size
2400 Sqft